Why would I cover at 1.25 when I can let it go to zero and never have to cover?
Yes. Starting with Barcelona, then APU, and so on. Massive failures because AMD is a massive failure of a company. There's a reason Keller turned tail and ran so soon after tape-out and didn't even stick around to see if his work would actually function in silicon.
It's beyond stupidity that you define a writing off of AMD's existing products and a redesign that only incrementally improves their products but doesn't bring them any closer to competitors' products as a positive thing.
AMD continues to lose money at life-threatening pace, and has no product or financial magic available to stop that.
So AMD's plan was to continue losing money, but not accurately forecasting it, leading to earnings warnings, until they run out of cash and can't pay their creditors, while producing new designs that will reach the market as second- and third-class products in their segments.
The people who believe AMD will eventually go bankrupt are the ones dealing in reality.
It's people who think AMD will survive who are religious.
If you had any reading comprehension you would have stopped posting such lies long ago.
This "rally" is nothing but buying on rumor-mongering.
People "trading" this rally are just paying me a premium price for the same gum wrappers I was selling before this "rally" began.
Nothing will change about AMD's future, no matter what AMD and Intel decide about fringe elements of graphics technology. AMD has nothing it can sell that can repair itself. It is too broken to save. Management is only dragging out the inevitable so they can bleed the treasury without breaking the law. They're still ripping off the shareholders and making the shorts richer.
I will never have to cover.
My basis is in the teens, clown. I have been selling this pig since 2006. 100% maintenance on a pittance is still a pittance.
I do trade AMD. I do not trade based on technical signals because I am not an idiot who believes in magic. I trade based on analysis of the company's finances and business practices. I sell shares daily. I never buy back. Because AMD has no chance of survival.
If you think it will survive, buy all you can. Allow your credulity for the company's deceptive structure and marketing to put you in the riskiest position possible.
I'll be happy to sell to you. You seem like you don't even want to have any money.
The only part of my receipts from shorting that I have to keep in my account is that necessary to satisfy the margin maintenance requirement., which is a percentage of the current market price, not the basis price. And that can be in other margin-grade securities.
The rest of the cash that I've received from shorting is mine, free and clear, to spend on anything I want or to withdraw and paper my walls with.
And when the shares get cancelled in a bankruptcy then even the margin requirement goes away, as does the ledger entry in my account showing I have shares shorted. There are no "checks" sent to me, and nobody throws a party because they just "collected" the entire basis from ten years ago. I just use the remaining small amount of freed-up money for something else, never having covered anything.
So, yes, you never did get it down, and must have been a prize to work with being an ignorant lump on that desk. Just shut up and push the buttons, monkey, they must have thought while smiling their pained smiles and listening to your insensible yammering about how important you are being the most important tiny cog pushing buttons in a very big machine of people who actually make decisions based on things that are actually true...
Fury has been a complete flop. AMD will end up taking a huge writeoff for it.
We've already established you don't know how shorting works. It's also pretty clear you don't know how being long works. Close your position, close your account, and never log in again.
Um, no, when you bought those shares from me, you handed me cash. You idiot. It's already in my account. As money. Not imaginary money, real money. I will never have to buy those shares back, because AMD will not survive.
This company could sell everything it has, and it would still end up in debt, leaving the shareholders nothing.
I will never have to cover.
In an "all things considered, Mrs. Lincoln, how was the play?" sort of "not bad" way.
No equity, massive debt, negative revenue slope.
One of the worst companies in the history of business.
None of the shorts on this board should be in any sort of trouble. Longs need to keep buying so you can go broke when the ER comes.